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Bonded Services

The bonded service is considered one of the specialized services provided by Bank of Jordan to its corporate clients so they can obtain a certain liquidity percentage of the value of their stored goods. As such, clients are able to secure needed liquidity required by their activities and businesses.

What is the overdraft/bonded?

It is a form of credit facilities that enables industrial or commercial corporates to obtain liquidity through financing a portion of the working capital in order to fund the imported goods stored at the bonded. This transaction involves extending the client a certain ceiling to be specified after examining his/her needs. Interest is calculated on the outstanding balance and not the ceiling, which is renewed annually.

Advantages of the overdraft/bonded at Bank of Jordan:

Provides clients with financing against the goods stored in the bonded as security

Competitive interest rates and commission

Easy and quick processing of transactions

Beneficiaries from the overdraft/bonded:

All corporates of whatever activity and line of business

All public and private corporations

For more information, please visit any of our branches or contact us at our contact center and phone banking, at your service 24/7.
Email: boj@bankofjordan.com.jo